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weather as the northeast prepares for the next round. tim mulholland of china-america capital joins us now following earnings from aig and hewlett- packard. what kind of cues will that give to traders today? > > you know, i think as far as beating estimates goes, and surprise, this certainly served as a good undertone yesterday when the market closed, so perhaps a little positive. both what the market is looking at right now is perhaps the onset of what some think is a long overdue correction, or a pause in this bull run. > what about the big drop in oil we saw this week? what do you make of that? > > oil has rallied a lot. it has backed off, as all commodities did. the mere mention of the fed removing the punch bowl, or should i say keg- [angie laughs -causes reverberations across the globe. you saw it in asia, you saw it in commodities, you even saw stock start to really take pause and note of that. so really, we know what is really driving behind this market. so, that is number one. secondly, the sequestration process and debt ceiling is upon us again, as well as, let's not forget, ital
a dime since last week. regular unleaded in $3.56 per gallon on average. tim mulholland of china america capital joins us on this monday morning for a closer look at the markets. we have to talk about the snow situation. how did it affect the market even on friday? > > on friday we saw such a sharp drop-off in volume. the market in general, volume has been nothing to really write home about, because it has been subdued. and that usually happens in this low-volatility kind of one-way street, non- eventful marketplace. so, when you get a weather concern, it is even less of an incentive for traders to participate in the market. so, a drop off in volume is really a natural occurrence in this environment. > you are just back from china. what did you find there? > > lots of pollution. i was in beijing for two days. i have been in china numerous times, and this was by far the worst i've ever seen it. but, aside from that, you look at the economy, things are moving. it is bouncing right along, and they are rebalancing the economy. you can see the service sector, the financial sector, different t
for general motors. european auto sales dragged down overall gm profits in 2012, while china, north america and south america all delivered returns. in the fourth quarter, overall gm profits were up 89% from 2011. looking ahead, the company says it has taken significant action to put itself on a path for growth in 2013. however, ahead of the release of new models of pickup trucks, analysts are concerned gm may be forced to cut production, due to a backup of its current inventory. a "spirited" trade in the beverage industry is sending traders on a wild ride. the justice department was blocking the merger of budweiser and corona. to get the deal done, anheuser bush in bev, which owns bud, is agreeing to sell grupo modelo's brewery in mexico to wine and spirits maker constellation brands. constellation spiked above $43 yesterday on the news as traders who were shorting the stock are forced to buy it into options expiration today. "well, as of mid-day yesterday, we saw 40 million shares of constellation being traded. the average day only has about 5 million shares of volume." scott bauer of tr
suppliers in china. the fast food chain is addressing a recent scandal in china that revealed an excessive use of antibiotics to fatten chicken. kfc will stop business with 1,000 small suppliers in an effort to rebuild its brand in the eastern nation. sales fell nearly 25% following the scandal. kfc is the largest fast food chain in china. ikea is taking meatballs off the menu. the swedish retailer is the latest victim in the growing crisis of horse meat showing up in beef products in europe. the company has halted sales of its famous frozen meatballs in 14 european countries because tests confirmed the presence of horse dna. about a dozen different countries have now been affected by the crisis that started a month ago in ireland. tech convention mobile world congress continues today in barcelona. the convention proves that there is no lack of innovation or competition in the market right now. hp has announced its new "slate 7" tablet. the device, which hits the market in april, is priced at a modest $169, below the $200-and-above range for tablets from amazon and apple. meanwhile, master
-than-expected earnings by a penny, but revealed sales are slipping in china. reports say boeing is requesting the faa allow test flights for dreamliners, which are grounded for now. and congratulations to the baltimore ravens. they will meet up with fans for a rally this morning. trader dan deming joins us now to get the ball rolling for us on this tuesday. good morning to you dan. > > good morning angie. > yesterday was the worst day for the stock market so far this year. what did you notice in trading? > > right now we saw a little bit of concern out there. the one thing i did notice is the fact that from last friday and yesterday we saw two 1% moves in the market: the s&p up about 1% last friday, down about 1% yesterday. so we are seeing now, at least short-term, realized volatility starting to pick up, and that is why i think you saw a significant pop in the vix, up about 15% around that 1465 area. > nonetheless, i am hearing from traders that this market will continue to do a slow grind higher. do you believe that? > > it appears to be the path of least resistance. you still have a lot of bears
a call that could boost business in china. according to a morgan stanley analyst, as early as this summer, apple could launch an iphone mini that sells for $330. if the low-cost iphone entices consumers, it could give apple a 20% larger slice of the smartphone market in china. coming soon, a battle over movie trailers. traditionally, those short clips that entice moviegoers to come back to see the advertised film were tacked onto feature films by the studios. now, the l.a. times says some studios are being asked to pay as much as $100,000 to play just one trailer. still to come, the government wants to lock up criminal masterminds on wall street. will the plan succeed? that's later. but first, if you've considered one of those work-from-home ads, stay tuned. we'll hear about some common traps next, with bill moller. a lot of retirees stay active and earn an income by starting their own business. sometimes companies pitch retirees on a business idea. sometimes there's a lot of pressure in that pitch. so, how do you know what's legitimate and what makes sense? let's talkg with arthur koff
into a world with fewer opportunities. foxconn is freezing hiring at its china factories. following china's lunar new year holiday, many foxconn employees have returned to work, something the company did not anticipate. many workers remain at home during the holiday break, and factories typically face a worker shortage. no word on when the freeze will end. it's official: office depot has agreed to buy officemax in an all stock deal worth $1.2 billion. it's something that has been rumoured for years as the number two and three chains struggle with declining revenue at retail stores and intensifying competition from staples. following the merger, office depot and officemax will close stores, save on advertising and streamline supply chain efforts. a redesign at new ceo marissa mayer is putting her stamp on the company with a new look for its home page. it includes content that users may customize and a simpler, streamlined design. yahoo has seen the loss of revenues, and users leaving for competitors, for several years. the main aim of the new design, the first in four years, is
in the u.s., quotes were double those from china, where 99% of u.s.-sold bicycles are made. > >after spending a considerable amount of time doing market research on the current coaster, kerr has some advice for other entrepreneurs as they venture into making their products thrive. "i think you gotta keep the dream. you gotta really remember what your vision is and be willing to adjust your vision as you learn more about your market, because it may not be what you thought in the first place." reporting for first business news, i'm ky sisson. for more information on the current coaster, check out: coming up next, movies and money. why one film studio should be afraid at the box office, very afraid. the box office will be filled with fantasies for the next couple of weeks. erik childress, our movie guy, is here to explain that. good to have you back. > > thank you. > first off, "jack the giant slayer." this is a huge fantasy film. what do you expect? > > i expect warner brothers is going to be sweating a little this weekend. > why so? > > one, they are not having a
its been hacked and claims the hackers are in china. the hackers appears to be an effort to spy on its reporters who cover china. the newspaper says it has now overhauled its cyber security. last night the new york times also announced they have been hacked by someone also covering china. >>> apple's intervention followed a warning of security. and a creation of a patch by oracle that appeared to fix the problem. >>> the mac world convention may not have its name sake vendor anymore but it is still attracting a pretty sizable crowd. the annual event opened up today at the masconi center. apple hasn't participate since 2009 preferring to interact with its customers at its stores instead. the number of attendees has maintained impressive but it has remained steady even though the number of its vendors has almost doubled. >> all these new enterprised sprout up. >> reporter: the show now focuses heavily on mobile devices, app developments and has included developers. >>> retailers are looking forward to an up tick for spenders. consumers will spend an average $130 on their loved ones. many
francisco tonight as they prepare to reopen a trade office in china. the bay area council is planning to send a delegation to china in two months. there they hope to use the new office to promote trade and collaboration between china. the president of the council says they hope trade office can facilitate the conversations. >>> seems like they're pretty high and i don't understand why they keep going up and down. >> a pinch at the pump and we ask what's behind this sudden price hike. >> and the number one reason many of well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] get u-verse tv for just $19 a month for 1 year when you bundle tv and internet. rethink possible. >>> three people are under arrest after shots were fired on an oakland freeway this afternoon. police received reports of shots fire from
tourist. the landeros didn't get a reward, but the owner did promise to show them around china if they visit there. >>> there is a push underway to put a mom in that seat. heather holmes is live now in the city's sunset district to tell us who is applying the mommy pressure. >> reporter: julie, it's a top official with the san francisco democratic party. she drafted this resolution, urging the mayor to select a mother. a woman who may spend lots of time here at the playground, or library, but who can also bring a unique voice. sunset residents will soon be finding out who will be fighting for them. the district for position became available last month, mayor lee selected carmen sue to special reporter. since then there's been a lot of political intrigue over her replacement. she says the appointment could help stop the exodus of families. >> i think that a mother's voice on the board of supervisors would probably lead to more family friendly policies, legislation that would make it easier for families to stay in san francisco. >> reporter: the 11 member board is a diverse group
. a chicken scare in china led to disappointing earnings at yum! brands. shares fell yesterday after yum! released disappointing earnings news. kfc, which is owned by yum!, saw a dramatic drop in its china sales following news of a chemical residue found in the chain's chicken supply. yum! revised its full-year outlook, stating that it expects sales to shrink. meanwhile, bp says oil production has fallen, while costs are up. that means profits are down, but the company managed to beat wall street expectations. and, a turn-around for zynga. the online gaming site posted a profit in the 4th quarter, topping wall street's expectations. shares popped 5% in after-hours trading. the ftc corrects its statement about herbalife: the agency now says language about a pending law enforcement investigation into herbalife is incorrect, saying that it should have cited a foreign government agency. herbalife stock had a wild ride on that erroneous news monday, dropping more than 12% before closing with a slight gain for the day. yesterday was a much milder. the stock rallied 21 cents. a billion dollars.
pointed to china. the times said the in trusion by a chinese official. hacking it forbidden by law. >>> and officers take to the course for a message to the community. >> and this unique basketball games putting students against bullying. >> temperatures tomorrow may approach 70 degrees. meteorologist lays out how warm it will get in your neighborhood and if there's any sign of rain on the horizon. . >>> a former nato air force bomber took off today to measure winter air pollution in the bay area, sometimes flying at 1,000 feet. the bay area are quote manager district hopes to track pollution. >>> and the meteorologist is here to talk to us some b some warm weather and -- about some warm weather. >> there was some haze. you get the stable weather pattern to kind of trap some pollutants. >> as far as temperatures, we're talking about the warm numbers. look at the 60s towards santa ros a 68, mountain view, 68, and oakland 68 degrees. >> and all the cloud covering to the north, we do take a closer inspection in the bay area, still mostly clear, but temperatures have been dropping off
cannot find a physical address and the site was formed within the last month, registered in china. and, if you are trying to score a ticket, go through an offical site such as ticketmaster. nfl ticket exchange has tickets for re-sale which go for between 3 and 20 thousand dollars. check out the bbb's website for more information. now on to the fun part of the super bowl: the commercials. this year, corporate america is working every angle to pump up viewership of the ads that run during the game. days ahead of the kick-off, companies are putting out sneak peaks. budweiser is giving a glimpse of its "lucky chair" spot. coke is asking fans to decide the punch line of this ad. and some companies are letting the entire commerical roll to increase the eyeball factor. "they are looking at 1.72 million youtube views on an ad that would be seen at the super bowl that would be watched as opposed to releasing it early you could have over 9 million." marketing professor david koehler believes super bowl commericals are on a fast track this year, as corporations see the value in capturing viewer a
january, we finally had some wet weather pass through the area today. we took these pictures in china town, just a light drizzle, but enough to bring out the rain coat and umbrellas. we may see more rain before the night is out. >>> that's right. the rain showers have been developing this evening twochlt weeks of dry weather -- 2 weeks of dry weather coming to an end today. nothing too impressed. you can see about a hundredth of an inch toward livermore, san jose, 2 hundreds of an inch. >> as you can see, on live storm tracker 2, some more activity and coverage developing. we'll begin up toward the north bay, the darker shades mean some accumulation for us. >> rainfall rate do pick up around daily city. >> moving parallel to the cost line right around half moon bay. >> the chance of a few thunderstorms, coming up for part of your friday, it will be dry and changes for your weekend. >>> happening now, san jose mayor was set to begin his speech just about 5 minutes ago. he's expected to pitch his sales tax increase to fund raises to city employees after years of frozen wages. ktv's reporter
for this gentleman. >>> these two kids have fallen through the ice in a river in china. a woman and her husband saw them, ran to the scene, started screaming for help. other bystanders and police came to the scene. you can see here, they don't have a lot of fancy equipment. they use what they have. easing out on a ladder with some rope to get the kids out. >> out there with a ladder and rope. this isn't professional gear here. >> these people are in what looks like regular kind of clothes in the water holding the kids up. now, a little boy was already pulled to safety. here you're seeing the little girl being pulled out of the water. they were taken to the hospital, but they are going to be okay. >> awesome of those people to risk their own lives for the lives of others. that's humanity. >>> in australia, place called lake buffalo. a beautiful day, and look at this boat. witnesses say two teenagers started the boat and the boat caught fire. all they did was start it. look at the person on the jet ski come into the scene to save the day. >> yeah. that's awesome. >> well, the guy was there at the par
industry. an internet dating site in china trades on the nasdaq under the ticker symbol d-a-t-e. and in case you forgot it's valentine's day, you can call ftd to deliver flowers, or buy your sweetie shares of united online, which owns ftd. still to come, die hard date night. the latest installment of films offering romance and more at box office on this valentine's day. that's later. but first, how some travelers are steering clear of the ocean but still exploring the world by boat. more on that next. business is flowing for river cruise operators. joining us this morning via skype is wally jones. he is with travel leaders. good morning to you wally. > > good morning, angie. thanks for having me. > how brisk is your business? > > you know, our river cruising right now is up 35% over last year. > what do you think is leading to the strong numbers? > > you know, i think there is a lot of pent-up demand in people. they want a more unique experience with their vacationing, and river cruising offers that. > let's take a look at the top destinations out there. most of these are
. the largest new year's event outside china. our coverage begins at 6:00 p.m. with julie haener and ben phan torrez. if you're away from your tv we'll be streaming it for you. >> it was warmer out there today. take a look at the highs. the warm spot was 64 in santa rosa. cool spot was san mateo at 67. highs tomorrow they're coming up. numbers tomorrow are going to be mid-60s, kind of low 60s. more 60s than 50s for sure but slightly warmer tomorrow. there's clouds moving in over head. i already pointed those out for you. temperatures outside are chilly. friday morning will be a lot like this morning a little bit warmer but it's still going to be cold. so you will still find frost in those inland bay valleys. you will find some frost out in the livermore valley and that's it. as you get going to work it's chilly. by lunchtime your jackets are you don't need them. the weekend, there's a chance for sprinkles, it's weird they show up early saturday morning. i'll show you on the outer band of this where there's very little dynamics, weak dynamics that's why we're not going to see any rain or much
than 1,000 people took over the streets of china town for the ymca 35th annual 5k run and walk. this year's event will help fund the physical education programs. >> not a lot of people know about obesity and the chinese community are very poorty. it'll a good way to bring that to our community. >> some people dressed as the slithery star of the new year. >>> that celebration continues next weekend in san francisco with the big chinese new year parade. it is the largest celebration of chinese culture outside of asian. it features floats and costumes dating back to the 1850s. you can see it here saturday starting at 6:00 p.m. >>> the nba all star game lives up to its ♪ ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. bee happy. bee healthy. with clusters of flakes and o's. oh, ho ho... it's the honey sweetness. i...i mean, >>> good evening everyone welcome to there late sunday n
company, has installed 1500 robots in nearly 50 countries including china. but not likely to outsource repetitive electronics work at factories such as foxconn - at least, not yet. "in my eyes, it's probably not quite there yet. there are still some breakthroughs in this type of collaborative robot that need to happen to bring it to that type of level." another development, visual capabilities: the r&d that went into smartphone technology is now being applied to robots. "vision technology is continuing to increase. we are getting into color sensing now. we are getting into using vision systems for inspection, where we can see damaged packages." advancing technology in the workplace has also magnified the job shortage in america. according to researchers at mit, they say during the last recession, 1 in 12 people in sales lost their jobs. meanwhile, corporate spending on equipment and software related to sales has increased 26% since the end of the recession. temp and contract employment is expected to hit an all-time high this year. that's according to the american staffing association
wanted a senior executive of the winter olympics fired. >>> and in china, 1,500 firefighters are finally getting the upper hand against a wildfire that's been burning for a day and a half. the flames threatened gas and electrical fire stations. officials say a sanitation worker started the fire by burning waste and has now been arrested. >>> a kindergartner and his grandmother's idea has come to fruition. he asked his grandmother is there another famous african american besides martin luther king. >> it really took me by surprise for him to say that because he was only in kindergarten at the time. i said there's so many people that even dr. king admired. >> carolyn hoskins said she began her collection knowing that so many african americans had contributed to the world. by the way, she's the wife of nfl player hoskins. >>> the home has five bedrooms and six bathrooms and it was owned by the late tahoe casino executive william ledbetter. tahoe's high real estate market has been picking up and is now actively rebounding. >>> the federal reserved hacked. who did it, the information they to
and oakland china towns. while new year's day is two days away, people already put up decorations such as this stroll here to welcome in the year of the snake. fresh out of the oven, roast pig is a must have item on the dinner table tomorrow night, new year's eve. along with a whole chicken and other dishes. >> food is always a big deal for chinese. especially for chinese new year because that's the time when we try to get gather the whole entire family. >> reporter: following tomorrow's feast, chinese will try to have a vegetarian new year's day. it's a tradition to clean the home and put out flowers. tang immigrated almost 30 years ago. she says celebrating chinese new year is a way of remembers her homeland. she showed us the red and gold decorations that many chinese families now have in their homes. all symbols of fortune, prosperity and health. >> i take both the western and asian culture, i think it's cool to speak our own language, and keep our own culture. my kids are bilingual. >> reporter: family and friends visit each other's homes bearing gifts of sweets and fruit. >>
and china town. at a time when the postal service is under fire for losing money and scrapping some saturday mail service. one watchdog group says the government shouldn't pay to fly its executives into town. >> they need to be concerned about the objects of this and be concerned about you know ratcheting back on what is considered some of their more luxurious activities. >> reporter: organizers of the national postal forum say the event is designed to inform businesses offered by the postal service. it's targeted thousands of small businesses here in the bay area and it expects to generate millions of the dollars of new revenue. in san francisco, eric rasmussen, ktvu news. >>> showers in the forecast tonight. not a lot of rain in most snow levels. showers out toward modesto. we've had reports of light sprinkles showing up along the peninsula and along the coast. computer model then for tomorrow morning, 5:00 a.m. some showers, 9:00 a.m. showers moving into oakland now. that's the kind of later morning commute. and then you get to 10:00, this is kind of wet here the 10:00 period from 10:00 t
china. she hopes to be a role model for other young chinese american. >> i want to show people that chinese culture is a big part of my life. >> reporter: katherine chu is the runner up. >> i grew up as a tomboy so this has helped me grow more into a woman. >> we have over 100 units coming down the street into telecast zone. it's a terrific family affair. >> reporter: no parking signs are already up. the rout is different due to the construction of the new central district at union square. police say there already extra officers monitoring the event. >> any type of event that has large crowds, just be aware of your personal belongings. >> reporter: organizers say if the weather remains dry they estimate more than 1 million people will line the streets to see the parade. reporting live here at union square. amber lee, ktvu channel 2 news. >>> and you can watch the chinese new year parade live right here on ktvu. it starts at 6:00 hosted by our julie haener and ben fong torrez. if you're away from your tv, we'll also be streaming live on >>> the pentagon grounded the n
african nations are scheduled to move in. >>> take a look at this blaze in a fireworks warehouse in china. firefighters say the fire started in a candle company on the third floor of the building then spread down to the ground floor where the fireworks are stored. firefighters say it took about four hours to put out the flames. the good news no one was injured. >>> freezing, hold for five seconds. >>> in hong kong, 101-year-old runner chasting says tomorrow he will run his last competitive race. just two months shy of his 102nd birthday, ching is planning to take part of the 10- kilometer leg. sing ran his first marathon at the age of 92 following the death of his wife and son. singh says he does not intend to give up running for fun. >>> u.s. and mexican authorities have shut down a tunnel. the opening was in mexico just west of the nogales port of entry and extended five miles into u.s. territory. authorities believe this tunnel was going to be used by drug smugglers. authorities have arrested a man they found digging the route. >>> police say they have public support and president obam
with a very strict dress code. he and members of the globe trotters are there for basketball diplomacy. china's president, ung is said to be a fan of rodman's exteam, the bulls. >>> the pacers get george a little physical. trying to keep the warriors in it. the magic touch of curry. bombing away from outside. he had 38 points. he had seven threes. you will see his touch again as he works for a shot with the nifty double. but west and company a little too much. you will see west gets it to go underneath then it was all the extra stuff we were talking about. the fireworks, you will see david lee gets pushed by hibart underneath. then it's mix it up time. it's hibart who ends up getting ejected. seemed to me curry was just trying to break things up but he gets hit with a technical. west did adds well. the warriors still on the short end. 108-97. >>> the puck was finding the net with every sharks flick of the wrist in their first seven games of perfection this season over the last 10 games, somebody has put i don't know some kind of invisible shield in front of that thing. hard to come by. the sc
Search Results 0 to 25 of about 26